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24 novembre 2008
- handle: 10670/1.okxd48
- halshs: halshs-00341005
info:eu-repo/semantics/OpenAccess
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income inequality labour share trade unionsSujets proches
Social inequality Social equality Inequality EgalitarianismCiter ce document
Daniele Checchi et al., « Labour market institutions and the personal distribution of income in the OECD », HAL-SHS : économie et finance, ID : 10670/1.okxd48
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A large literature has studied the impact of labour market institutions on wage inequality, but their effect on income inequality has received little attention. In this paper we argue that personal income inequality is a function of the wage differential, the labour share, and the unemployment rate. Labour market institutions then affect income inequality through these three channels and their overall effect is theoretically ambiguous. We use a panel of OECD countries for the period 1960-2000 to examine these effects. We find that greater unionization and a higher degree of wage bargaining coordination have opposite effects on inequality, implying conflicting effects of greater union presence on the distribution of income.